Lagos Disburses N711m to 287 Retirees

2017-02-15 00:00:00.0

THE BUSINESSDAY

Lagos Disburses N711m to 287 Retirees

Lagos State disbursed the sum of N711 million as pension payments for the month of September. The Lagos State Pension Commission (LASPEC) in a statement said the N711 million was released to pay 287 retirees for that month.

The agency in the month of September also released death benefit cheques amounting to about N32 million to nine beneficiaries and next-of-Kin of deceased employees,’’ the statement added.

The agency reiterated commitment to be up-to-date in pension payments, saying priority will always be given to those who have laboured and retired from the state public service. “I understand the challenges facing the retirees and that the receipt of their pension dues will enable them face the future, as well as other goodies in the pipeline,’’ the statement quoted Governor Akinwunmi Ambode as saying. Folashade Onanuga, the director-general of LASPEC, in the statement advised the pensioners to spend wisely. “If you are in the evening time of your life, make sure you rest well, and do not do anything that will aggravate your health status. Use your pension for your basic needs and make sure you eat well and in moderation.

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